secwatch.observer — SEC 8-K summary
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Issuer:     Jefferies Financial Group Inc. (JEF)
CIK:        0000096223
Form:       8-K
Filed at:   2024-01-08T23:59:59+00:00
Accession:  0000096223-24-000003
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Jefferies reports Q4 net earnings $66M ($0.29/diluted), down 53% YoY; FY net $263M, down 66%
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- Q4 net earnings attributable to common shareholders $66M ($0.29/diluted), down 53% YoY from $140M ($0.57).
- FY2023 net earnings $263M ($1.10/diluted), down 66% from $777M ($3.06); net revenues $4.7B, down 21%.
- Investment Banking net revenues $577M in Q4, modestly higher; Capital Markets $481M; Asset Management $141M, down 64%.
- Board increased share buyback authorization to $250M; declared quarterly cash dividend $0.30/share payable Feb 27, 2024.
- Book value per share $46.10; tangible book value $30.82; FY repurchased 4.9M shares for $169M at avg $34.66.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/96223/000009622324000003/0000096223-24-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/96223/000009622324000003/jef-20240108.htm
  HTML page:      https://secwatch.observer/filing/0000096223-24-000003

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